Trend Table for PTF - Pender Growth Fund (VCC) Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 10	C	Weak or Absent	Up	Up	Down	3.64%
Oct 9	C	Weak or Absent	Up	Up	Down	3.74%
Oct 7	B	Weak or Absent	Up	Up	Up	1.93%
Oct 4	B	Weak or Absent	Up	Up	Up	1.83%
Oct 3	C	Weak or Absent	Up	Up	Down	3.74%
Oct 1	C	Weak or Absent	Up	Up	Down	3.74%
Sep 23	B	Weak or Absent	Up	Up	Up	1.37%
Sep 19	B	Weak or Absent	Up	Up	Up	0.91%
Sep 18	B	Weak or Absent	Up	Up	Flat	3.74%
Sep 17	C	Weak or Absent	Up	Up	Flat	4.52%